Turbo Tax Business is not as complete as TT Deluxe
on March 23, 2025
Posted by: Anonymous
from Morgan Hill, CA
I wasted 2 hours trying to figure out how to record the sale of a rental property. Luckly, the TurboTax Community responded within 24 hours. There are no clues in the product that selling an asset is entered under "did you purchase an asset".
I've been using Turbo Tax Business for many years and I appreciate that the look and feel and organization of the product remains consistent and familiar. Taxes are hard enough without having to re-learn software on top of it!
TurboTax Estate 1041 & PA 941 lacking entry fields
on March 23, 2025
Posted by: RK124
from PA
The estate function has no entry functions for 1099OID, & 1099R.The missing entry field complicates where to enter the income for 1099 OID and Cost Basis not reported on 1099R and the Federal and State withholding that need entered in different fields. These are available in the 1040 packages and would have save ime had they been in the business program for estate income tax to utilize.